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Guy Corporation has P100,000 collectibles from Jinju who became insolvent with the P60,000 assets and P200,000 liabilities of which 50% is an income tax liability.

Guy Corporation has P100,000 collectibles from Jinju who became insolvent with the P60,000 assets and P200,000 liabilities of which 50% is an income tax liability. 


How much is the deductible bad debts of Guy Corporation? 

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